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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Salisbury Bancorp, Inc.    SAL

SALISBURY BANCORP, INC.

(SAL)
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Salisbury Bancorp : Investor Presentation Q3 2019

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10/25/2019 | 01:57pm EDT

Investor Presentation

NASDAQ: SAL

Investor Information

Richard J. Cantele, Jr.

Peter Albero

Shelly L. Humeston

President

Executive Vice President

Senior Vice President

Chief Executive Officer

Chief Financial Officer

Secretary

rcantele@salisburybank.com

palbero@salisburybank.com

shumeston@salisburybank.com

860-453-3430

860-453-3440

860-453-3432

Forward Looking Statements

This presentation contains certain statements that may be considered "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Actual results, performance or achievements of Salisbury may differ materially from those discussed in these forward-looking statements. We refer you to the documents Salisbury files from time to time with the Securities and Exchange Commission, especially the Company's last filed Form 10-K. These documents contain and identify important factors that could cause actual results to differ materially from those contained in our projections or forward- looking statements. You should carefully review all of these factors, and you should be aware that there may be other factors that could cause these differences. These forward-looking statements were based on information, plans and estimates at the date of this presentation, and Salisbury assumes no obligation to update forward-looking statements to reflect changes in underlying assumptions or factors, new information, future events or other changes.

Unaudited data

All of the financial data presented herein is unaudited.

Annualized, pro forma, projected and estimated numbers are used for illustrative purpose only, are not forecasts and may not reflect actual results.

1

Corporate Overview

  • Full service community banking institution offering consumer and business banking products and services as well as trust and wealth advisory services with roots dating back to 1848
  • Operating footprint includes 14 banking locations in Litchfield County, CT, Berkshire County, MA, and Dutchess County,
    Orange County, and Ulster County, NY ("Operating Counties")
  • Franchise extends to within 50 miles of New York City
  • 20 plus year history of dividend payments
  • Seasoned and experienced management team

Key Statistics

Branch Footprint

(as of September 30, 2019)

Total Assets ($000)

1,144,240

Net Loans ($000)

915,083

Total Deposits ($000)

966,178

Total Shareholder's Equity ($000)

111,580

Tangible Book Value per Common Share ($)

34.24

Wealth Assets Under Administration ($000)

752,467

Net Income - Year to date ($000)

8,126

FTEs

175

Common Stock Price ($)

39.99

Market Capitalization ($MM)

112.9

Price / Tangible Book Value (%)

116.8

2

Core Businesses Serving Individuals, Families & Businesses

Retail / Business Banking

Business Lending

Retail / Business Deposits

Business Loans

Electronic Banking Services

Commercial Mortgages

Mobile

Lines of Credit

Debit/Credit Card

Government

Remote Capture

Guaranteed Loans

Cash Management

Letters of Credit

Investment Management

Mortgage Loans

Trust & Estate Services

Home Equity Loans

Financial Planning

Consumer Loans

Retirement Plan Advisory

Construction Loans

  • Private Banking

Trust & Wealth Advisory

Retail Lending

3

Market Demographics

  • Litchfield County's prestigious private and public school systems and Berkshire County's cultural offerings attract affluent individuals
  • Dutchess County's median household income is 18% higher than the NY state median
  • Orange County's median household income is 13% higher than the NY state median
  • New Paltz, NY branch provides new opportunities in Ulster County

Deposits by State1

$466 Million

$331 Million

NY

CT

53%

38%

MA

9%

$78 Million

Deposits by County1

Ulster,

Orange, NY 5%

NY 10%

Litchfield,

Dutchess,CT 38%

NY 38%

Berkshire,

MA 9%

County Market Share1

County

Number of

Market

Branches

Share

Litchfield, CT

4

9%

Berkshire, MA

3

2%

Dutchess, NY

5

4%

Orange, NY

1

1%

Ulster, NY

1

1%

Source: S&P Global and Company data. 1 Excludes Broker deposits, CDARS one-ways buys and balances held in Branch Administration.

4

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Salisbury Bancorp Inc. published this content on 25 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 October 2019 17:56:03 UTC

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Financials (USD)
Sales 2020 37,6 M - -
Net income 2020 8,48 M - -
Net Debt 2020 - - -
P/E ratio 2020 13,1x
Yield 2020 2,94%
Capitalization 112 M 112 M -
EV / Sales 2019
Capi. / Sales 2020 2,97x
Nbr of Employees 135
Free-Float 89,3%
Chart SALISBURY BANCORP, INC.
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Salisbury Bancorp, Inc. Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 2
Average target price 40,50 $
Last Close Price 39,48 $
Spread / Highest target 8,92%
Spread / Average Target 2,58%
Spread / Lowest Target -3,75%
EPS Revisions
Managers
NameTitle
Richard J. Cantele President, Chief Executive Officer & Director
David B. Farrell Chairman
Peter Albero Chief Financial Officer & Executive Vice President
Holly J. Nelson Independent Director
Nancy F. Humphreys Independent Director